In addition to business loans and lines of credit, FINSYNC also supports cash advances on invoices (invoice financing or factoring). Eagle Business Credit is an early network participant who offers lower rates to businesses who apply for financing through FINSYNC. CEO of Eagle, Ian Varley, commented…
Could Bad Credit Affect Your Business?
You already know that having a low credit score can affect your ability to get a car loan or mortgage. However, bad credit could also destroy your dreams of entrepreneurship, too. Unfortunately, most lenders are already reluctant to loan money to fledgling businesses. If you have…
Invoice Factoring: The Best Way to Grow a Temp Agency
If you’re running a temporary recruitment agency, you’re probably concerned with generating enough cash flow – much like any other business would be. The unique challenge of running a temp agency is that you need money to advertise your services, pay your taxes and other operating…
Best Invoicing Practices for Trucking Companies
Trucking companies have to stay extremely organized to keep their drivers busy and ensure everything gets delivered on time. Following the right billing procedures is vital in order to get paid on time. When you follow these best invoicing practices below, you can improve your cash…
4 Reasons Why Companies Choose to Sell Invoices
It’s not difficult to send an invoice and collect a payment, which is why most companies start out doing that in-house. However, collecting on your receivables is a process that can be easily outsourced. With invoice factoring, you can get paid faster without having to deal…
Is Accounts Receivable Factoring Right for You?
Nowadays, many businesses face cash flow problems due to customers not paying invoices on time or too late, creating delays in everyday financial operations. This, in turn, can stall a business’s steady growth over time, even more so if the business needs to expand quickly. The…
How a Fuel Card Can Help Your Trucking Business
If you’re looking at freight factoring, you may want to consider a fuel card. Fuel cards not only can make shipping by truck cheaper, they also give your drivers greater flexibility while on the road. Each can help you save on your bottom line and enhance…
The Difference between Recourse and Non-Recourse Factoring
Cash flow issues affect nearly every small business. To address them, there are numerous small business tools that allow for the influx of capital to cover the cash crunch, but don’t saddle the business with debt. One such tool is factoring. Within factoring, there are Recourse…
What Is Selective Factoring and When Is It Useful for Your Business?
Occasionally, even the best-run business has a cash flow problem, particularly if it’s just getting off the ground. When that happens, if that company has a large volume of invoices, they have the option of using factoring and selective factoring to get access to “quick cash”…
How to Qualify for a Working Capital Loan
A working capital loan can be a great way to receive a quick influx of capital for your business. Although there are a lot of loan options for small businesses, many of them require long-term payments, and the requirements are sometimes fairly demanding. For many companies,…